The Services sector company, Mullen Group Ltd. (MTL), has received a rating update from a Wall Street analyst today. The company received a Hold rating from Canaccord Genuity’s analyst Anthony Petrucci, with a C$14.50 price target.
According to TipRanks.com, Petrucci is ranked 0 out of 5 stars with an average return of -17.0% and a 22.1% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Abraxas Petroleum Corp.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mullen Group Ltd. with a C$15.77 average price target.
Based on Mullen Group Ltd.’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$21.91 million. In comparison, last year the company had a net profit of C$25.99 million.
Mullen Group Ltd. provides freight trucking, management and oil field services through its subsidiaries. The company operates through two business segments: Oilfield Services and Trucking/Logistics. The Oilfield Services segment provides specialized transportation, drilling, well-servicing and dewatering services to the oil and natural gas industry.
The company’s shares closed on Thursday at C$13.14, close to its 52-week low of C$13.01.
